Aviva to cut 2,000 jobs worldwide

Thursday 18 April 2013 13.41
Aviva is to cut it redundancy terms in the UK
Aviva is to cut it redundancy terms in the UK

Insurance giant Aviva is planning to cut around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans.

A spokesperson for Aviva's Irish operation said there are no new plans for Ireland in today's announcement.

Redundancy plans for Ireland were first announced in October 2011 and the company here is already working to cut over 500 jobs.

Redundancy terms in the UK are to be reduced from four weeks per year of service to two weeks per year of service from next year.

The company said the latest job reductions are part of a programme to reduce costs across the business, including "substantial non-people related savings".

Aviva's Group Chief Executive Officer Mark Wilson said: "I know this is difficult news for our employees but these changes are essential if we are to remain competitive."

He said the company needs to "become a more efficient and agile organisation to unlock its potential".

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